Middle East and Africa Electric
three-wheeler market stood at USD15,748.91 thousand in 2021 and is forecast to
grow at a CAGR of 14.38% to reach USD50,808.07 thousand by 2030. The growing
adoption of emission-free public transportation systems in many countries in
the Middle East and African region by the government for promoting vehicles
that give out fewer emissions. An electric three-wheeler emits fewer emissions
as compared to any fuel-based vehicle due to which there is a growing demand
for electric three-wheelers in the Middle East and in African countries, which
leads to an increase in sales of the electric three-wheelers, thereby
positively impacting the Middle East and Africa Electric three-wheeler
market.
Increase in Use of Electric
Three-wheelers as an Eco-friendly & Efficient Solution
Over the past few years, the
rising global carbon emissions from the fuel-based internal combustion engine
vehicle have been one of the primary worries for the governments and
environmentalists in the Middle East and African countries. The electric
three-wheelers come as an alternative solution for the ICE vehicles, as the
emission rate in electric three-wheeler is almost zero. The governments of many
countries have started to replace fuel-based emission vehicles with electric
three-wheelers in the public transportation system as they are more
eco-friendly and have lesser operational costs in the long run. In addition,
the rising price of petrol/CNG & diesel has pushed three-wheeler owners to
shift their preference to electric three-wheelers for shorter transits, which,
in turn, will drive the market growth.
Use of Electric Three-Wheelers for
Online Groceries & Food Deliveries
Many e-commerce companies have
started their operations in the past few years in countries of the Middle East
and African region, as the internet using population has witnessed growth over
the past few years. The e-commerce market is growing rapidly in many countries
in the Middle East and African region due to the increasing e-commerce activities,
such as online food and grocery sales in countries like Nigeria, Israel, South
Africa, etc., which have increased the demand for electric three-wheelers for
delivery purpose. The trends for these three-wheelers are uplifting imports and
the sales of the electric three-wheelers in the Middle East and African region
as many different electric three-wheeler brands are Jiangsu Jinpeng Group Co.,
Ltd., Xianghe Qiangsheng Electric Tricycle Factory, Saera Electric Auto Pvt.
Ltd. (Mayuri), etc., are launching their models in this segment, and hence this
is expected to expand the electric three-wheelers market.
Increase in Demand for
Cost-Effective Commercial Vehicles
The increase in the use of
commercial vehicles and the rising price of fuel in the Middle East and African
countries are creating the need for more cost-effective commercial vehicles.
The electric three-wheeler comes up as an alternate option in the use of the
transportation system as these run through electricity. Furthermore, electric
three-wheeler mobility depends on flexibility, requires less maintenance, and
is preferred by many small and medium-sized logistics companies. Such factors
are expected to expand the electric three-wheelers market in the Middle East
and Africa region.
Post Lockdown Effect & Shift
to Electric Three-Wheeler
When the lockdown was imposed due
to the COVID-19 pandemic, most of the automotive sales and imports were
partially stopped for a certain period of time, which resulted in a halt in the
sales of electric three-wheelers in the Middle East and African countries.
The COVID-19 pandemic has
negatively impacted the automotive sector because the lockdown was imposed in
every country, due to which most of the production plants of automotive
companies that manufacture electric three-wheeler was closed. After the negative
impact of COVID-19, most of the automotive companies that manufacture the
electric three-wheeler have reopened their production plants, which will help
fulfill the demand for sales that is growing very rapidly in the Middle East
and African region countries. Many automotive manufacturers have decided to add
new models for the electric three-wheeler in the year 2022, which is going to
boost the sales of the electric three-wheelers in the middle east and African
region market. Some prominent players in the electric three-wheeler market such
as Kinetic Green Energy & Power Solutions Ltd., Chongqing Zongshen Vehicle
Co., Ltd (Zongshen Industrial Group Co. Ltd.), Ningbo Dowedo International
Trade Co., Ltd., Xianghe Qiangsheng Electric Tricycle Factory, etc. have
decided to add new models.
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Market Segmentation
Middle East and Africa
three-wheeler market is segmented based on vehicle type, battery capacity,
battery type, and country type. Based on vehicle type, the market is further
fragmented into the passenger carrier and load carrier, based on battery
capacity market is bifurcated into the <101Ah and >101Ah. In the vehicle
type, the load carrier has accounted for dominant the market with a total share
of 85.79% in the year 2021 among passenger carriers. In many countries of the
Middle East and Africa region, people are getting the option of an electric
three-wheeler as a mode of public transport with a low price as compared to
other means of transport. The increase in public preference for the electric three-wheeler
is raising the sales of electric three-wheeler in many countries, positively
impacting the growth of electric three wheelers in the Middle East and Africa
three-wheeler market.
Company Profiles
Chongqing Zongshen Vehicle Co.,
Ltd (Zongshen Industrial Group Co. Ltd), Saera Electric Auto Pvt. Ltd.
(Mayuri), Kinetic Green Energy & Power Solutions Ltd., Jiangsu Jinpeng
Group Co., Ltd., Jiangsu Yufeng Vehicle Industry Co., Ltd., Ningbo Dowedo
International Trade Co., Ltd, Xianghe Qiangsheng Electric Tricycle Factory,
Terra Motors Corporation, Piaggio Commercial SA (PTY) Ltd, Jiangsu East
Yonsland Vehicle Manufacturing Co., Ltd Company are among the major market
players in the Middle East and African countries that lead the market growth of
the Middle East and Africa electric three-wheeler market.
Attribute | Details |
Market size value in 2021 | USD15,749 Thousand |
Revenue Forecast in 2027 | USD50,808 Thousand |
Growth Rate | 14.38% |
Base Year | 2021 |
Historical Years | 2017 – 2021 |
Estimated Year | 2022 |
Forecast Period | 2022 – 2030 |
Quantitative Units | Revenue in USD Thousand, Volume in Units, and CAGR for 2017-2021
and 2022-2030 |
Report Coverage | Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends |
Segments Covered | ·
By Vehicle Type ·
By Battery Capacity ·
By Battery Type ·
By Country ·
By Company |
Countries Scope | Egypt, Turkey, Iran, South Africa, Israel, Nigeria, Saudi
Arabia, Algeria, UAE, Oman, Iraq |
Key Companies Profiled | Chongqing Zongshen Vehicle Co., Ltd (Zongshen Industrial Group
Co. Ltd), Saera Electric Auto Pvt. Ltd. (Mayuri), Kinetic Green Energy &
Power Solutions Ltd., Jiangsu Jinpeng Group Co., Ltd., Jiangsu Yufeng Vehicle
Industry Co., Ltd., Ningbo Dowedo International Trade Co., Ltd, Xianghe
Qiangsheng Electric Tricycle Factory, Terra Motors Corporation, Piaggio
Commercial SA (PTY) Ltd, Jiangsu East Yonsland Vehicle Manufacturing Co.,
Ltd. |
Customization Scope | 10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research
needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request) |
Report Scope:
In this report, Middle East and
Africa electric three-wheeler market have been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
- Middle East and Africa Electric Three-Wheeler
Market, By Vehicle Type:
- Load Carrier
- Passenger Carrier
- Middle East and Africa Electric Three-Wheeler
Market, By Battery Capacity:
- Middle East and
Africa Electric Three-Wheeler Market, By Battery Type:
·
Middle East and Africa
Electric Three-Wheeler Market, By Country:
o
Egypt
o
Turkey
o
Iran
o
South
Africa
o
Israel
o
Nigeria
o
Saudi
Arabia
o
Algeria
o
UAE
o
Oman
o
Iraq
o
Rest
of Middle East and Africa
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Middle East and Africa electric
three-wheeler market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).